Maldives to mandate USD-earning companies to pay tax in dollars

Maldives Attorney General Ahmed Usham has announced plans to amend laws to require companies to pay their money to the state in dollars to address the current dollar shortage.

The Bank of Maldives (BML) changed card limits for dollar transactions abroad, but the change was reversed after debit cards and new credit cards were unable to make overseas transactions. The decision was made after complaints that companies were marking dollars in the black market to pay the money owed to the state in Rufiyaa. If necessary, the amendments will be submitted to parliament and decided within the next week or two.

Source: Atoll Times